Business

IEA hoping to top $10 billion in trade volume with Iran over next few years

Published

6 months ago

November 8, 2023

(Last Updated On: November 8, 2023)

Acting Minister of Commerce and Industry says that they are trying to increase the volume of trade between Afghanistan and Iran to the value of $10 billion dollars in the next few years.

Nuruddin Azizi, who is part of the Afghanistan delegation in Iran, emphasized in a conversation with the Iranian media that both countries have the capacity to expand their economic relations and increase the volume of trade.

“Of course, the capacities that Afghanistan has and the capacities that are available in both countries, we want to increase Afghanistan’s trade up to $10 billion dollars in the next few years, as I said in my previous interviews, there is capacity on both sides, especially mineral resources, agriculture and industrial programs that we have in Afghanistan. Afghanistan has the ability to trade with Iran up to 10 billion dollars,” said Azizi.

At the same time, Mohammad Mehdi Jawanmard, an advisor to the Iranian president’s special envoy for Afghanistan, says that Iran wants to expand economic ties with Afghanistan. He also said that the culmination of the delegation’s visit to Iran will see both sides signing a number of memorandums of understanding to expand commercial and economic relations.

“Iran does not want to import raw natural resources from Afghanistan to Iran. We made this understanding with the Afghan side to the extent that it can be processed in Afghanistan and the final product transferred. We want to expand our commonalities and economic infrastructure, and they will visit different places during this trip, and finally the memorandums of understanding will be signed by Mr. Mullah Baradar (the IEA’s deputy prime minister of economic affairs) and Mr. Kazemi Qomi (Iran’s special envoy to Afghanistan),” said Mohammad Mehdi Jawanmard, an advisor to the Iranian president’s special envoy for Afghanistan.

Azizi meanwhile also emphasized the expansion of border cooperation between Iran and Afghanistan and added that in future they will try to establish a common border market between both countries so that the people of both sides can benefit from each other’s industry and skills without obtaining a visa.

On the other hand, the Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar and his accompanying delegation met with a number of Afghan businessmen and investors residing in Iran and assured them that the necessary facilities are available for them to come to Afghanistan and invest.

Related Topics:Acting Minister of Commerce and Industry featured IEA Iran Nuruddin Azizi trade volume with Iran

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

15 hours ago

May 16, 2024

Ariana News

(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

2 days ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

2 days ago

May 14, 2024

Ariana News

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.